ELTFNFM2 – Finance for Non-Financial Managers
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- Code: ELTFNFM2
- Duration: Days 2
- Price per delegate: £450.00 +VAT
Trained over 60000 delegates
Course delivered by industry expert instructors
Highly competitive pricing
This two-day course is both broader and deeper than the one-day intensive course. It allows for greater examination of the key concepts and an expanded range of topics to be covered.
It is for those who are from non-financial backgrounds who need to know more about finance within a business for their current job role or the next.
It will help them to consider:
Types of organisation (affecting sources of finance)
The drivers behind the ˜Big Decisions™ for an organisation Where it is now (organisational environment and strategic capacity), Where it wants to go (strategic aims and objectives) and How it is going to get there (strategic plans)
Sources of Finance
The basic accounting concepts and principles
Documents used within a business, including:
o Profit and Loss Statements: types of income, costs and different profit calculations etc.
o Cash Flow Statement: Forecast, actual, importance of controlling cash etc.
o Balance Sheets: Assets, Liabilities, Net Current Assets, Capital Employed etc.
Difference between Capital and Revenue expenditure
Management accounts how they are structured and used
Budgets: production of budgets, budgetary control, use as a management tool etc.
Key Financial Indicators: Profitability, Liquidity etc.
Investment appraisal: Cost of Capital, Return on Capital Employed (ROCE), Payback period etc.
Gearing: meaning, effects
The concepts of fixed/variable costs, breakeven analysis, gross margin/contribution/marginal cost, the cost/price/volume relationship and variation of profitability by product and by customer.
The importance of other business functions, including R and D and HR
How this all needs to fit together to lead to success
Evaluation of financial situations faced by typical managers
Application of the knowledge within your own role
The course is delivered with tutor-input, exercises and case study material.